Friday, Dec 04, 2020 | Last Update : 04:47 PM IST

banking

Bank employee unions demand 5-day working week, says COVID threat is haunting bankers

The Indian Banks' Association in January rejected the proposal for a five-day working week but offered a 19 percent pay hike to employees

20 Jul 2020 9:57 AM

RBI imposes Rs 4 crore penalty on Citibank

According to the RBI, this action is based on deficiencies in regulatory compliance

30 May 2020 10:22 AM

RBI may extend moratorium on repayment of loans for three more months, says report

In March, RBI had allowed a three-month moratorium on payment of all term loans due between 1 March, 2020 and 31 May, 2020

18 May 2020 2:46 PM

Kotak Mahindra Bank Q4 profit down 4% due to Covid19 related provisions

During the quarter, standalone profit also came down by 10% to Rs 1,267 crore as compared to Rs 1,408 crore in the same period a year ago

13 May 2020 3:33 PM

Banks get on social media to brighten up the lockdown with customer engagement activities

HDFC started The Art Project to give customers a #BreakFromBoredom while PNB started a Mother's Day contest

10 May 2020 7:47 PM

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Google ties up with Gates Foundation on digital payments for the unbanked, rivaling Facebook Libra

The open source software, Mojaloop, first established by Gates Foundation in 2017, is being tweaked for use by disadvantaged communities.

07 May 2020 2:03 PM

RBI may extend bank loan moratorium by another 3 months amid lockdown

RBI allowed banks and financial institutions to offer a moratorium of three months on payment of instalments of all term loans

05 May 2020 2:18 PM

Vijay Mallya files appeal in UK Supreme Court against extradition order to India

The dismissal of the High Court appeal last month marked a major turning point for the CBI and ED case against the businessman

05 May 2020 1:34 PM

RBI reviews measures to ease financial stress

The governor appreciated the efforts of banks in ensuring normal to near normal operations during the lockdown period

03 May 2020 9:16 AM

Indian firm G7CR offers free migration to cloud to aid work from home amid coronavirus outbreak

Toll-free number 1800 572 3617 connects business requiring help in migrating to cloud systems to G7CR

14 Mar 2020 6:46 PM

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Government open to further reforms: FM Nirmala Sitharaman

Govt is committed for further reforms in sectors such as banking, mining, insurance among others said FM Sitharaman.

03 Dec 2019 12:35 PM

Diluting govt stake below 50 per cent in PSBs no solution: Unions

Nobel laureate Abhijit Banerjee said that there was a need to bring down government stake to below 50 per cent in PSBs.

01 Nov 2019 2:26 PM

How technology is changing the face of India’s banking sector

Global banks are transforming their business models to offer a digital-first experience to customers.

18 Oct 2019 11:24 AM

Banking, FMCG to benefit from corp tax cut; pharma, IT to remain untouched: Report

The immediate benefit is increased cash flows to corporate India.

22 Sep 2019 2:23 PM

Banks to hold meetings in 400 districts to boost credit flow: FM Nirmala Sitharaman

She said 200 districts will be covered in 1st phase till Sept 29 and next 200 districts will have similar gatherings from October 10 to 15.

19 Sep 2019 9:14 PM

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By March 2020, banks’ gross NPAs to reduce to 8 per cent

The banking system saw gross NPAs reaching a peak of 11.5 per cent in March 2018. In March 2019 NPAs stood at 9.3 per cent.

27 Jun 2019 2:00 PM

Time to embrace AI: Machines for humans not vs humans

AI can change the face of the banking sector while reducing costs, increasing employees’ efficiency and more.

30 Apr 2019 3:17 PM

Banks need to upgrade their PoS as 2G phases out: Telecom department

Institute for Development and Research in Banking Technologies unveiled a white paper on '5G Applications for Banking and Finance'.

13 Apr 2019 12:40 PM

Number of users attacked by banking Trojans grew by 16% in 2018 reaching almost 900,000

Of 889,452 attacked users, almost 25% were corporate ones, a figure that has remained fairly consistent for the last three years.

12 Mar 2019 12:50 PM

Banking sector will see maximum technology disruptions: Survey

68.4% surveyed feel banking will witness maximum technology disruption followed by Ecommerce, Media & Entertainment and Insurance.

16 Jan 2019 11:47 AM

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